Ping An Insurance Co. of China (OTCMKTS:PNGAY) Sees Large Volume Increase – What’s Next?

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) shares saw an uptick in trading volume on Friday . 723,191 shares were traded during trading, an increase of 271% from the previous session’s volume of 194,761 shares.The stock last traded at $14.54 and had previously closed at $14.45.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Ping An Insurance Co. of China from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Ping An Insurance Co. of China Stock Up 1.0%

The business’s fifty day moving average price is $14.33 and its 200 day moving average price is $15.95. The company has a market capitalization of $133.35 billion, a P/E ratio of 7.26 and a beta of 0.35. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.60.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last issued its earnings results on Tuesday, April 28th. The company reported $0.62 earnings per share for the quarter. The business had revenue of $34.43 billion for the quarter. Ping An Insurance Co. of China had a net margin of 11.80% and a return on equity of 10.91%. As a group, equities research analysts predict that Ping An Insurance Co. of China Ltd. will post 2.34 earnings per share for the current fiscal year.

About Ping An Insurance Co. of China

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.